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Aug 28, 2012
08/12
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they closed the gates for the first time, closed off the canals, pro-effect protecting the city. >> the conditions are likely to continually deteriorate tonight and through the day tomorrow as the scepter of the storm is still scheduled or forecast to head to the north of new orleans. it's going to test that system, the first full scale test. >>> president obama and his ideology get a full frontal vetting. the breakout feel "2016 -- obama's america" is fresh off a $6.2 million blockbuster weekend. the word is getting out. the media won't cover it. he'll join us next. and 70 days till election day. you're watching "the kudlow report." we're live from the republican convention in tampa as you can hear. you know what i love about this country? trick question. i love everything about this country! including prilosec otc. you know one pill each morning treats your frequent heartburn so you can enjoy all this great land of ours has to offer like demolition derbies. and drive thru weddings. so if you're one of those people who gets heartburn and then treats day after day, block the acid with p
they closed the gates for the first time, closed off the canals, pro-effect protecting the city. >> the conditions are likely to continually deteriorate tonight and through the day tomorrow as the scepter of the storm is still scheduled or forecast to head to the north of new orleans. it's going to test that system, the first full scale test. >>> president obama and his ideology get a full frontal vetting. the breakout feel "2016 -- obama's america" is fresh off a $6.2...
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Aug 31, 2012
08/12
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. >>> first new york. now california needs to guard their big gulps. jumbo-sized sugary drinks could have a tax slapped on them in some cities. jane wells is in l.a. as she's stockpiling the big gulps. >> reporter: i know. it is not just big drinks here but any sugary drink. a tax on the drinks is two purposes. reduce consumption or raise revenue. two california cities asking voters to approve the penny an ounce tax, both need money badly an higher obesity rates. the tax charged to businesses not consumers so businesses from walmart to 7-eleven to the barbershop with the vending machine in richmond will have to decide whether to pass the tax along. >> i don't think they're gong to help. they'll affect a lot of customers and small businesses like i have. >> so the fact that i have to go and spend more money on a soda costs me to raise up because i'm like i can't make the same amount of money if i'm sitting up here, you know, giving it to you for 75 cents and i'm paying a dollar on it. that's unfair. i'm losing and not gaining. >> reporter: richmond coun
. >>> first new york. now california needs to guard their big gulps. jumbo-sized sugary drinks could have a tax slapped on them in some cities. jane wells is in l.a. as she's stockpiling the big gulps. >> reporter: i know. it is not just big drinks here but any sugary drink. a tax on the drinks is two purposes. reduce consumption or raise revenue. two california cities asking voters to approve the penny an ounce tax, both need money badly an higher obesity rates. the tax charged...
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Jun 29, 2012
06/12
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this is bankrupt city. >> first of all, i think you and chris would both hopefully gee that as far as the cdo is concerned, the affordable care reduces it. that's different from the bush prescription drug measure that was perhaps a good measure, but was completely unpaid for. that's one thing. secondly, let's talk, and remember, the taxes that fall on households only hall on households whose nm is above $250,000. the 3.8% of medicaid and the .9 on the payroll. let's get our magnitudes correct here. >> i don't get this. the estimate now is about $1.8 trillion. it was $900 billion -- >> fully paid for though. >> no, it can't be, the tax revenue estimates are $700 billion. >> wait, one thing, you're ne dplekting the $500 million -- >> chris edwards, there are payroll taxes, investment taxes, income taxes, all of this will depress the economy and bankrupt the budget. >> it's incredible. by the end of the decade, taxes will go up more than $100 billion a year unless it's repealed. investment income and taxes go up 3.8% at the top end. the obamacare tax will go up, the top dive lent rate up
this is bankrupt city. >> first of all, i think you and chris would both hopefully gee that as far as the cdo is concerned, the affordable care reduces it. that's different from the bush prescription drug measure that was perhaps a good measure, but was completely unpaid for. that's one thing. secondly, let's talk, and remember, the taxes that fall on households only hall on households whose nm is above $250,000. the 3.8% of medicaid and the .9 on the payroll. let's get our magnitudes...
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Oct 17, 2012
10/12
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fantastic first quarter, i liked it. just remember, i'm jim cramer, see you tomorrow. ♪ [ male announcer ] how do you turn an entrepreneur's dream... ♪ into a scooter that talks to the cloud? ♪ or turn 30-million artifacts... ♪ into a high-tech masterpiece? ♪ whatever your business challenge, dell has the technology and services to help you solve it. syou know, i've helped a lot off people save a lot of money. but today...( sfx: loud noise of large metal object hitting the ground) things have been a little strange. (sfx: sound of piano smashing) roadrunner: meep meep. meep meep? (sfx: loud thud sound) what a strange place. geico®. fifteen minutes could save you fifteen percent or more on car insurance.
fantastic first quarter, i liked it. just remember, i'm jim cramer, see you tomorrow. ♪ [ male announcer ] how do you turn an entrepreneur's dream... ♪ into a scooter that talks to the cloud? ♪ or turn 30-million artifacts... ♪ into a high-tech masterpiece? ♪ whatever your business challenge, dell has the technology and services to help you solve it. syou know, i've helped a lot off people save a lot of money. but today...( sfx: loud noise of large metal object hitting the ground)...
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Feb 10, 2012
02/12
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let's get our experts, bob dole, tobias, citi's chief u.s. equities strategist and competing with all of this brainpower, we have cnbc contributor jack bouroudjian from index futures group, no slouch himself. tobias, let me begin with you. i want to make a point, jobless claims coming down to what? 358,000 this week. that's a low, low number and it's a great trend. >> right. >> so i'm just going to argue, lower jobless claims and the economy is fine and it may not be spectacular, but the fine economy gives us profits and profits are the mother's milk of stocks and that's why i'm as optimistic as i am. there may be holes in this point of view, you tell me. >> i think there are holes in the point of view, but i think investors continue to be worried about where profit margins are and there are some indications they may have peaked out. the markets may have moved 25%. some have missed that run and a number of people have and i just came back from ten days in europe and investors feel they've missed the rally and they don't want to feel bullish i
let's get our experts, bob dole, tobias, citi's chief u.s. equities strategist and competing with all of this brainpower, we have cnbc contributor jack bouroudjian from index futures group, no slouch himself. tobias, let me begin with you. i want to make a point, jobless claims coming down to what? 358,000 this week. that's a low, low number and it's a great trend. >> right. >> so i'm just going to argue, lower jobless claims and the economy is fine and it may not be spectacular,...
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Aug 14, 2012
08/12
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also this evening, is team obama robbing suburbs to pay for the cities? a new report exposes this plan to redistribute wealth. we'll tell you about this new war on the wealthy. but first up, it's been just 72 hours since mitt romney announced his choice for running mate and already the romney-ryan ticket is getting flak from inside the beltway republican consultants and strategists. politico says, and i quote, the gop is fretting over ryan. the hill says ryan links romney with congressional republicans, quote, an association that could carry more risk than reward. and oh, by the way, new of the ryan krit ecks are actually cited by name. isn't that something? this whole thing is absolutely outrageous. here romney selects one of the most talented republican leaders in years and this is the response? from republican consultants? my message is very simple and i tweeted it today. man up and shut up. former clinton white house official is back. cnbc contributor and the american enterprise institute and guy benson, political editor of townhall.com. fortunately,
also this evening, is team obama robbing suburbs to pay for the cities? a new report exposes this plan to redistribute wealth. we'll tell you about this new war on the wealthy. but first up, it's been just 72 hours since mitt romney announced his choice for running mate and already the romney-ryan ticket is getting flak from inside the beltway republican consultants and strategists. politico says, and i quote, the gop is fretting over ryan. the hill says ryan links romney with congressional...
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Oct 26, 2012
10/12
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>> well, first, it is perfectly fair if mr. o'neill decides he wants somebody else to convince the board to do it. what i have a problem with here is mr. pandit came out and said this was my own decision. simon and i were talking about this the day it came out. it was nonsensical. now we find out. i agree with harvey pitt. he said given a choice between lying or simply not saying anything, i think mr. pandit should simply say nothing about this. >> i don't know if there's a way to make this a great story from their perspective. but, hey, i don't think that's the way anybody would want to go. it doesn't look good, as bob just said from pandit's perspective. but i think there are a lot of questions about whether they could have communicated better about what was really behind this. like the truth. >> guys, let's finish up with apple. it was supposed to be the big one in corporate earnings this week, reporting of course ultimately weaker than expected ipad sales. the white ipad minis are already selling out. why has the stock been
>> well, first, it is perfectly fair if mr. o'neill decides he wants somebody else to convince the board to do it. what i have a problem with here is mr. pandit came out and said this was my own decision. simon and i were talking about this the day it came out. it was nonsensical. now we find out. i agree with harvey pitt. he said given a choice between lying or simply not saying anything, i think mr. pandit should simply say nothing about this. >> i don't know if there's a way to...
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Sep 18, 2012
09/12
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joining us first is phil lebeau and special gerks the ceo of ford, alan mull lally. welcome, gentlemen. >> thank you, tyler, joined by alan mulally here at their ford of manhattan dealership. talk about succession in a little bit. you guys were doing the launch of the fusion today. you're hitting on the mileage per gallon? >>> it sure is. good to see you. we had a great launch over the fusion. the power of choice for a consumer, get a petro boost version, an ecoboost, hybrid and plug-in hybrid. we shared the hybrid version, 47 miles per gallon. all of our research continues to show that fuel economy is the number one and number two reason. >> that is what is driving sales? >> absolutely. >> talk about the issue surrounding your company and surrounding you. what is your status at ford in terms of how long you plan to serve as ceo? have you turned to the board and said here's a date for when i think i would like to step aside as ceo? >> absolutely not. thanks again for asking. i have absolutely loved serving ford and i look forward to continue to serve going forward in
joining us first is phil lebeau and special gerks the ceo of ford, alan mull lally. welcome, gentlemen. >> thank you, tyler, joined by alan mulally here at their ford of manhattan dealership. talk about succession in a little bit. you guys were doing the launch of the fusion today. you're hitting on the mileage per gallon? >>> it sure is. good to see you. we had a great launch over the fusion. the power of choice for a consumer, get a petro boost version, an ecoboost, hybrid and...
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Aug 27, 2012
08/12
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in banking, mgt buying hudson city banc. expanding the reach in to the eastern part of the country. in the car rental business, hertz buying dollar thrifty. that values dollar thrifty at 87.50 a share, an 8% premium to its closing price friday but you could have seen the deal coming. in tech, ibm buying kenexa. the move aimed to boost ibm's because strategy solutions and iac says it's ask.com unit buying from "the new york times" for about $300 million in cash. >>> ahead this afternoon, twitter has a new fight on its hands. plus, the impact of apple's major courtroom victory over samsung in the patent trial of the century. it's already impacting apple's stock but that's likely to be just the beginning. before we head in to a break, five big movers this monday. we . one is for a clean, domestic energy future that puts us in control. our abundant natural gas is already saving us money, producing cleaner electricity, putting us to work here in america and supporting wind and solar. though all energy development comes with some risk, we're committed to safely and responsibly producing n
in banking, mgt buying hudson city banc. expanding the reach in to the eastern part of the country. in the car rental business, hertz buying dollar thrifty. that values dollar thrifty at 87.50 a share, an 8% premium to its closing price friday but you could have seen the deal coming. in tech, ibm buying kenexa. the move aimed to boost ibm's because strategy solutions and iac says it's ask.com unit buying from "the new york times" for about $300 million in cash. >>> ahead this...
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Jun 12, 2012
06/12
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it didn't work the first time. it certainly wouldn't work the second time. >> you talk about stimulus. derive income from politics, 2012 will be a record year. this election could cost $2.5 billion. 1/3 of all weekdays i think in the last month or so he's been spending fundraising, larry. >> and he has excellent transportation. anyway, thanks to brian. the one notable location not on washington. the country cries out for leadership. the federal reserve just said the media net worth of american families dropped 39% in the last three years, futing us back to the early 1990s. in 2010 alone, median family income dropped nearly 8%. we desperately need an economic big bang to get home values up. question -- does the president understand how to get us there? let's talk. joining us, sirius left jab co-host. cnbc contributor of the american enterprise institute and we welcome back the former house majority leader, dick oar mee. you see these members slumping. they' been slumping for years but they're not improving at all. y
it didn't work the first time. it certainly wouldn't work the second time. >> you talk about stimulus. derive income from politics, 2012 will be a record year. this election could cost $2.5 billion. 1/3 of all weekdays i think in the last month or so he's been spending fundraising, larry. >> and he has excellent transportation. anyway, thanks to brian. the one notable location not on washington. the country cries out for leadership. the federal reserve just said the media net worth...
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Jul 11, 2012
07/12
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there is real trouble brewing on this one. >>> but first up, mitt romney booed during a speech today before a skeptical naacp crowd. a simple reminder of the uphill climb he faces in courting the black vote. in fact, the latest polling shows romney with just 5% support within the african-american community. nbc's steve handelsman joins us now with some of the details. good evening, steve. >> reporter: good evening to you, larry. a lot of people here in washington think this worked out just like mitt romney intended. first of all, he showed up like john mccain did last election cycle at the naacp, which communicated respect. not just to african-americans, but to all of the other voters who were watching. and romney made what was for him a bold, direct appeal for votes. >> if you want a president who will make things better in the african-american community, you are looking at him. >> reporter: beyond that, a prominent black republican noted to me today romney did not alter his message in the slightest because the audience was full of african-americans, who romney know vote overwhelm l
there is real trouble brewing on this one. >>> but first up, mitt romney booed during a speech today before a skeptical naacp crowd. a simple reminder of the uphill climb he faces in courting the black vote. in fact, the latest polling shows romney with just 5% support within the african-american community. nbc's steve handelsman joins us now with some of the details. good evening, steve. >> reporter: good evening to you, larry. a lot of people here in washington think this...
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Mar 8, 2012
03/12
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first, the economy still issue number one. and second, republican voters believe mitt romney is the most electable nominee to beat president obama. but the president is sporting a strong lead in the polls, running where from six to ten points. is romney ready for prime time? a bigger fight against barack obama? joining us now, two very distinguished senators, richard blumenthal, democrat from connecticut, and ms. kelly ayotte, republican from new hampshire. thank you. so mitt had a pretty good night last night. i'm more interested in the potential race against obama because i think he is going to get the nomination. what are mitt's best cards to play in order to defeat the president? and conversely, where is the president the weakest? >> well, i would say this first of all that his strength, just the experience that he brings from the private sector, he has to keep talking about that and contrast it with the president's experience. and even though things are looking better, still over 8% unemployment. still very tough for so m
first, the economy still issue number one. and second, republican voters believe mitt romney is the most electable nominee to beat president obama. but the president is sporting a strong lead in the polls, running where from six to ten points. is romney ready for prime time? a bigger fight against barack obama? joining us now, two very distinguished senators, richard blumenthal, democrat from connecticut, and ms. kelly ayotte, republican from new hampshire. thank you. so mitt had a pretty good...
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Sep 18, 2012
09/12
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. >>> meantime, ford stock just about breaked even year-to-date and their ceo, another first on cnb, addressing that in a wide-ranging interview today. phil la superbowl live in new york city where earlier today, ford showed off a car that is going to be, phil, correct, extremely important to that company, the 2013 ford fusion. >> is huge. no doubt about it the fusion has been a big part of ford's come back the last four years, brian. they believe this redesigned modlogical help them gape more market share away from toyota and honda. today, when they unveiled, really launched the fusion in times square, it was al mulally doing it along with ryan seacrest r the focus they can wanted it to be on the car. most was focused on al mulally's tenure and how much longer he will stay a ceo at ford. we are reporting, as have other outlet's the last couple of weeks, a succession plan by the ford board and brought up this question during a "power lunch" interview and said, listen, if there's plan for you to be replaced at some point, why not come out and tell insbrers it, here is what he had to s
. >>> meantime, ford stock just about breaked even year-to-date and their ceo, another first on cnb, addressing that in a wide-ranging interview today. phil la superbowl live in new york city where earlier today, ford showed off a car that is going to be, phil, correct, extremely important to that company, the 2013 ford fusion. >> is huge. no doubt about it the fusion has been a big part of ford's come back the last four years, brian. they believe this redesigned modlogical help...
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Feb 23, 2012
02/12
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first of all, while we all want corporate taxes to be very low, all businesses in america need to pay tax at essentially the same rate. we should not be in the business of picking winners and losers. that's how we got into the housing crisis. a big problem, governor -- or senator santorum's plan would misallocate capital. it runs very large deficits. he doesn't have any way to pay for his tax cuts. >> you're talking to the zero corporate tax on manufacturing. >> very bad idea. >> bad idea. and you think that would actually destroy jobs? >> it misal indicates capital and the economy. that's a job killer. second, his plan associated with very big deficits. >> and you think his plan is not paid for in addition. >> definitely not paid for. >> tell me about your pay fors. talked about limiting deductions, what are the other pay fors for the 20% across the board cut in tax rates? >> two-ways you pay for this one is growth itself. one of the ways that tax cuts are financed are by higher levels of economic activity. more entrepreneurship, higher taxable incomes. there will have to be base bro
first of all, while we all want corporate taxes to be very low, all businesses in america need to pay tax at essentially the same rate. we should not be in the business of picking winners and losers. that's how we got into the housing crisis. a big problem, governor -- or senator santorum's plan would misallocate capital. it runs very large deficits. he doesn't have any way to pay for his tax cuts. >> you're talking to the zero corporate tax on manufacturing. >> very bad idea....
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Nov 6, 2012
11/12
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let's look at some of the impacts you will see from the storm and you will notice that the first one is that all too familiar wind, up to 60-mile-an-hour gusts, anywhere from atlantic city northeastward to boston, but mostly on eastern long island, cape cod and the islands. that would be nantucket and martha's vineyard. so it is mostly a coastal influence when it comes to the wind and certainly not as bad as sandy, but there's also coastal flooding a possibility, minor tide tomorrow afternoon and the big wildcard i'm referring to a brief mix with heavy, wet snow which may bring renewed power outages even to the new york metro area tomorrow late afternoon and tomorrow night. so we will be taking a look at that as the day progresses. now, a chance of snow involved as well. >> todd gross, thank you very much. >>> and with much of new jersey still suffering in the aftermath of hurricane sandy, where and how to vote could be an issue for lots of people. my polling place was moved. kayla tausche is tracking that in the garden state. >> reporter: getting people to the polls is a major task
let's look at some of the impacts you will see from the storm and you will notice that the first one is that all too familiar wind, up to 60-mile-an-hour gusts, anywhere from atlantic city northeastward to boston, but mostly on eastern long island, cape cod and the islands. that would be nantucket and martha's vineyard. so it is mostly a coastal influence when it comes to the wind and certainly not as bad as sandy, but there's also coastal flooding a possibility, minor tide tomorrow afternoon...
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Aug 31, 2012
08/12
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now some cities in california. voters will weigh in on the state's first tax on the same types of beverages in november is no sugary drink safe? our jane wells is live in l.a. with that story, jane? >> carl, you know, mayor bloomberg wants to ban big sodas but if you ban them, you can't tax them. two california cities desperate for money want voters to approve taxing sugary drinks a penny an ounce, 7 1/2 cents for this all the way up to 64 cents, like a 50% tax. unless you buy diet soda, no tax. one city is richmond home to the disastrous chevron oil refinery fire, richmond has declared a fiscal emergency. the proposed tax would be charged to businesses, not consumers, so businesses would have to decide whether to pass the tax through or eat it or drink it in this case. the second city is struggling el mon monte, california, ranked ninth in the state in childhood obesity. of course, if businesses don't pass the tax through consumers have no incentive to stop drinking soda. >> people understand these types of taxes,
now some cities in california. voters will weigh in on the state's first tax on the same types of beverages in november is no sugary drink safe? our jane wells is live in l.a. with that story, jane? >> carl, you know, mayor bloomberg wants to ban big sodas but if you ban them, you can't tax them. two california cities desperate for money want voters to approve taxing sugary drinks a penny an ounce, 7 1/2 cents for this all the way up to 64 cents, like a 50% tax. unless you buy diet soda,...
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Nov 6, 2012
11/12
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agreed to buy bp texas city for $2.5 billion back in october. this deal should have tremendous synergies because marathon pete already operates in this area. bp had spent $5 billion refurbishing this refinery just seven years ago. now marathon can buy it for half of that cost? wow. what a deal. then back in august, tesoro announced it would buy bp's carson, california, refinery. also get some related logistics, $2.5 billion. property is located right next to one of tesoro's other refineries. are little investment, they could be combined into a single facility which would save a bundle. what other oil patch vultures have swooped in to pick off pieces of bp? there have been a bunch of master limited partnerships to do some opportunistic buying. take linn energy. back in february bought $1.2 billion of oil properties in kansas. and then in june, they announced that it will buy another billion dollars worth of assets in wyoming. these are both terrific purchases that should allow them to boost the distribution. if you're a regular investor, the best
agreed to buy bp texas city for $2.5 billion back in october. this deal should have tremendous synergies because marathon pete already operates in this area. bp had spent $5 billion refurbishing this refinery just seven years ago. now marathon can buy it for half of that cost? wow. what a deal. then back in august, tesoro announced it would buy bp's carson, california, refinery. also get some related logistics, $2.5 billion. property is located right next to one of tesoro's other refineries....
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Oct 26, 2012
10/12
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todd, you first. did pan dit really deserve this type of exit? >> that remains to be scene. we don't know all of the evidence there. but to answer your question, yes, citi is better off now than it is -- was four years ago. however, going forward though you would have suspected that citi would have been much further along. especially when you compare it to its peers. going forward, this is a great stock for this company, for shareholders right now. if anybody is looking for the entry point, there are so many positives with vik pandit out of the way. you still have somebody who is a business executive and it will be great for shareholders moving forward. >> how ironic on the day pandit is getting con grat la tri e-mail from people, the best earnings, that that is the day michael o neill chooses to get rid of him. >> jim cramer was con grat la tri too but the bank wasn't performing that well and stock was still suffering from the bailout. they can fix that. and i think the other guess is absolutely right. mike oneill is a serious guy. he needs to tell us what the business mode
todd, you first. did pan dit really deserve this type of exit? >> that remains to be scene. we don't know all of the evidence there. but to answer your question, yes, citi is better off now than it is -- was four years ago. however, going forward though you would have suspected that citi would have been much further along. especially when you compare it to its peers. going forward, this is a great stock for this company, for shareholders right now. if anybody is looking for the entry...
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Sep 18, 2012
09/12
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joining us now on the "squawk" news line is christian weth wetherbee, analyst for citi. we had some body language, they conceded things weren't as rosy or the company did. anything that takes us even further in this latest report? >> well i think when you look at the volume particularly on their express business they were down 5% here in the u.s. and that was certainly weaker than what we were looking for so it appears the current environment for them from both volumes trading down and moving into the lower price, lower premium product and also moving into the ground business, coupled with the weaker economy seems to be impacting and i think that's what's driving the fiscal second quarter guidance below. >> we think of volume of packages delivered and in a slowing economy, maybe people send less or that business, that business isn't as robust so fewer things are being shipped but we don't always make the point that people are willing to forego the urgency for a cheaper method. is that really what hurts their numbers, in a weak economy? can we draw more conclusions about
joining us now on the "squawk" news line is christian weth wetherbee, analyst for citi. we had some body language, they conceded things weren't as rosy or the company did. anything that takes us even further in this latest report? >> well i think when you look at the volume particularly on their express business they were down 5% here in the u.s. and that was certainly weaker than what we were looking for so it appears the current environment for them from both volumes trading...
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Oct 29, 2012
10/12
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this is the first time i've done one in new york city, and it's in a lot of ways a different animal. you learn how fragile a big city can be, a big strong city like this. it's just different, and that surge, as i said, was really something to behold. >> yeah. >> scott cohn, thank you very much. see you later. >>> coming up next, hurricane sandy hitting long island's massapequa hard tonight turning streets into rivers. more on how the storm is ravaging the northeast and how refineries are being affected as well. we'll be back in two minutes. >>> welcome back. sandy has closed several of the region's major refineries. here's a look at the process to reopen these fuel centers. cnbc's sharon epperson has more. >> reporter: getting a refinery back online after a full shutdown due to a hurricane or major storm can be a lengthy multi-phase operation. the first step, returning evacuated personnel to the refinery, could take a few days depending on conditions and surrounding areas. once on location, the crew evaluates the storm damage, like flooding or downed power lines. if the power is out,
this is the first time i've done one in new york city, and it's in a lot of ways a different animal. you learn how fragile a big city can be, a big strong city like this. it's just different, and that surge, as i said, was really something to behold. >> yeah. >> scott cohn, thank you very much. see you later. >>> coming up next, hurricane sandy hitting long island's massapequa hard tonight turning streets into rivers. more on how the storm is ravaging the northeast and how...
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May 7, 2012
05/12
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new york city being the first stop in what's expected to be an eight to nine-day road show but an exciting day for facebook and we'll have to see what investors say. >> we look forward to hearing more from you. we'll check back as things develop. >>> now to the markets where we are almost green on the market, at lease on the dow. and that after election results came from from greece and france. we calmed down quickly. we may have answers as to why that happened. >> the idea threat to the euro, and today everybody is talking about him like this is slightly eccentric uncle and he's really no threat. we've had social lists before. i find it odd, i find greece wor worrysome. what happened, french bond yields down. >> it was a very tight race for a long time and some of the odds shifted the last couple of days through the socialists and perhaps some of this was factored in. >> i think it was and that's what the market is trying to say right now. greece was not. but the marketplace is going to be worried about that. here in the united states i was looking for signs that financials might be weak.
new york city being the first stop in what's expected to be an eight to nine-day road show but an exciting day for facebook and we'll have to see what investors say. >> we look forward to hearing more from you. we'll check back as things develop. >>> now to the markets where we are almost green on the market, at lease on the dow. and that after election results came from from greece and france. we calmed down quickly. we may have answers as to why that happened. >> the idea...
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Aug 29, 2012
08/12
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on first liens, primary mortgage, about three quarters of a billion in principal wiped out. citi was leading there but there's a lot more in the trial period and more, of course, on second liens and a sticking point of bank of america's because the monitor said they did no principal modifications. spokesperson says that's because of a three 46 month trial period and said as of the third week in august it reduces principal on over 3,800 loans with 23,000 more trials approved for principal reduction and also tells me they have wiped out 31,000 second liens, that is second mortgages, worth $1.7 billion. the monitor's report at 769 liens -- second liens extinguished. b of a had the largest price to pay, of course with country wide and the bad loans. looking toward november for more numbers and see if the banks ramped up. sue? >> thank you. >>> last night it was ann romney and new jersey governor chris christie. tonight, paul ryan gets his moment in the spotlight at the rnc convention. it will be the biggest speech of his political career and john harwood is at the convention sit
on first liens, primary mortgage, about three quarters of a billion in principal wiped out. citi was leading there but there's a lot more in the trial period and more, of course, on second liens and a sticking point of bank of america's because the monitor said they did no principal modifications. spokesperson says that's because of a three 46 month trial period and said as of the third week in august it reduces principal on over 3,800 loans with 23,000 more trials approved for principal...
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Jun 28, 2012
06/12
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first ol of all we had citi and kbw cutting estimates of targets for the major u.s. banks in large part because of weak trading in the second quarter. fixed income trading, expected to be down 40%. 20% on the equity side. and investment banking piece down 15%. that's putting pressure on the u.s. banks. overseas we have five banks named in the expanding probe of libor manipulation, including citi and lords and barclays yesterday paid over $400 million in order to settle some allegations in that probe. of course, given all the uncertainty as investors await news from the eu summit and the supreme court ruling later today, the risk on trade is off today so we are also seeing early weakness in some of the commodity stocks, minors, et cetera, they are a little bit weaker in today's session early on. of course, we want to just check on some of the health insurance to see how they're doing ahead of the expected 10:00 ruling on obama care. you can see they are mixed or actually those are the commodity stock, mixed. i want to note aol was spiking in the premarket on the news.
first ol of all we had citi and kbw cutting estimates of targets for the major u.s. banks in large part because of weak trading in the second quarter. fixed income trading, expected to be down 40%. 20% on the equity side. and investment banking piece down 15%. that's putting pressure on the u.s. banks. overseas we have five banks named in the expanding probe of libor manipulation, including citi and lords and barclays yesterday paid over $400 million in order to settle some allegations in that...
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Aug 28, 2012
08/12
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>> you have to understand, this is not our first rodeo. we've been through this a million times and that festival is in morgan city to the west. we're right around it may be going shortly a little bit to our east and the western side of the storm is always the best. they prepare for it all year and i'm expecting they want to have it. i suspect they'll probably be in good shape for it in mortgagan city. >> i was there for the flooding, which is hard to believe given the flooding you had this year, wise in morgan city. how will you prepare for the level of water? do you believe we will see a storm surge at a certain feet, and if so e, what are you estimating for the height of water? >> they're telling us 6-9 feet. 6 feet will not cause us a problem. if it gets toup to 9 feet, it certainly will. we have done a lot of investment in the levee districts and the inner parish drainage levees, gives us multiple lines of defense. we're not where we need to be but hoping we can ride this storm out and goes as quickly as we can. >> what do you have in
>> you have to understand, this is not our first rodeo. we've been through this a million times and that festival is in morgan city to the west. we're right around it may be going shortly a little bit to our east and the western side of the storm is always the best. they prepare for it all year and i'm expecting they want to have it. i suspect they'll probably be in good shape for it in mortgagan city. >> i was there for the flooding, which is hard to believe given the flooding you...
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Aug 24, 2012
08/12
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the first full pledged hurricane in nearly 100 years. that is not the news the republican delegates at the convention wanted to hear and the weather channel's todd santos has the latest forecast. todd? >> thanks so much. you nailed it with the interest, as far as the storm is concerned. we are talking about a tropical storm that's the very latest in out of the hurricane center as of the 2:00 advisory. the pressure dropped a little bit and may be looking at a system strengthening slightly here. you can see it on the satellite picture. the convection waned and it's not clear on the image. here's the latest stats, not really any changes with the wind's concerned from the last advisory. we mentioned the areas southeast and starting to see the winds pick up there. sustained winds up in the 17 to 21 miles per hour range. gusts around port-au-prince around 29 and they're talking about big-time rainfall there across hispaniola. there's the track through saturday evening. notice at that point in cuba, 60 miles per hour, that's still a tropical st
the first full pledged hurricane in nearly 100 years. that is not the news the republican delegates at the convention wanted to hear and the weather channel's todd santos has the latest forecast. todd? >> thanks so much. you nailed it with the interest, as far as the storm is concerned. we are talking about a tropical storm that's the very latest in out of the hurricane center as of the 2:00 advisory. the pressure dropped a little bit and may be looking at a system strengthening slightly...
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Oct 31, 2012
10/12
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. >> they got the first day of trading in without a hitch, and that in itself is an accomplishment. but in many ways, things are about to get more complicated. they're still pumping water out of this city and there's still almost no power in the lower part of manhattan. and then there's the issue of getting around. no subway service, of course. if you want to drive in from the suburbs or the outer bureaus, you're going to have to car pool because there are restrictions. and then there's the whole issue of gas. it is not easy to come by. my colleague has that part of the story. brian? >> reporter: it's after 7:00 p.m. here in new hyde park, long island, and we are talking 30, 35 minutes, hour-long wait just to get gas. we shot video just before dark to give you an impression of what's going on. the first question you might ask is why do they need gas. 80% of long island is without power. they need gas to refuel their generators. they need gas to drive around and look for food. they need gas to charge their phones. it's not just out here in long island. take a look at this picture fro
. >> they got the first day of trading in without a hitch, and that in itself is an accomplishment. but in many ways, things are about to get more complicated. they're still pumping water out of this city and there's still almost no power in the lower part of manhattan. and then there's the issue of getting around. no subway service, of course. if you want to drive in from the suburbs or the outer bureaus, you're going to have to car pool because there are restrictions. and then there's...
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Sep 25, 2012
09/12
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falling after the ubs and citi downgraded the company despite a first quarter company, they did top estimates fractionally. here is the problem, only a slight for pay checks of greater revenue per check going forward, checks per ray roll rose 2% for the quarter. what does that mean? the reason we brought up paychecks a great indicator of job growth, more people hiring paychecks or adding workers, might be able to assume the job market is getting better, pay chechs numbers, doesn't look like it is. >> buffalo wild wings upgrade rbc. >> raising their price target to 95 bucks. chicken wing inflation. >> how many times can you possibly say chicken wing inflation? maybe never said it before in your life. >> i have said frog leg deflation one time in belgium, it was unfortunate, after a number of beers. chicken wing inflation, a literal quote from the rbc note, folks, saying it may not be as bad next year as some people thought it is a commodity-priced story, which means if their costs don't rise as much, that's higher profit margin, rbc noting they are not leaving a lot to the upside but say the s
falling after the ubs and citi downgraded the company despite a first quarter company, they did top estimates fractionally. here is the problem, only a slight for pay checks of greater revenue per check going forward, checks per ray roll rose 2% for the quarter. what does that mean? the reason we brought up paychecks a great indicator of job growth, more people hiring paychecks or adding workers, might be able to assume the job market is getting better, pay chechs numbers, doesn't look like it...
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Mar 3, 2012
03/12
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shares of on-line review site yelp soared 64% today on its first day of trading. connecticut authorities have charged william ryan jennings, morgan stanley's co-head of fixed income capital markets, with a hate crime for allegedly threatening and stabbing a new york city cab driver. the incident happened back in december. jennings says he was held captive by the driver after he disputed the charge for the ride to his connecticut home. chad condit, the son of disgraced former congressman gary condit is reportedly running for congress as an independent near his hometown in rural california. finally, tonight the nfl says players with the new orleans saints had a bounty that rewarded players injuring members of the opposing team. $1,500 for a knock-out. $1,000 for a cart-off. bounties are a violation of nfl rules. no word yet if anyone will be held accountable. larry, we'll send it back to you. >> all right, scott. kntv scott budman. coming up on cuddly romney surging in the polls in ohio. gop candidates gearing up for super tuesday, which is four days away. now, some
shares of on-line review site yelp soared 64% today on its first day of trading. connecticut authorities have charged william ryan jennings, morgan stanley's co-head of fixed income capital markets, with a hate crime for allegedly threatening and stabbing a new york city cab driver. the incident happened back in december. jennings says he was held captive by the driver after he disputed the charge for the ride to his connecticut home. chad condit, the son of disgraced former congressman gary...
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Sep 11, 2012
09/12
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of course, i'm talking about rudy giuliani, former new york city mayor. he's here now with us. he's at the new york stock exchange with members of tuesday's children, an organization that serves the families of first responders. mr. mayor, good to see you again. >> nice to see you. >> thank you for joining us. earlier today you expressed dismay that 11 years later, the 9/11 memorial museum is not open. are you optimistic it will get done soon? >> i spoke to both governors and the mayor. they said they've reached an agreement. i'm going to be optimistic it will get done. it was going to be done for this year. then in october, only three or four weeks after the tenth anniversary, the dispute started over who was going to pay what. that ended all work for 11 months. hopefully now that they've reached an agreement on how they're going to fund it, we'll see it ready for next year. i'm hoping that's the case. i'm speaking for me as i am speaking for the families, so many of them are looking forward to. they were so disappointed. i just hope they use that to make sure they get it done
of course, i'm talking about rudy giuliani, former new york city mayor. he's here now with us. he's at the new york stock exchange with members of tuesday's children, an organization that serves the families of first responders. mr. mayor, good to see you again. >> nice to see you. >> thank you for joining us. earlier today you expressed dismay that 11 years later, the 9/11 memorial museum is not open. are you optimistic it will get done soon? >> i spoke to both governors and...
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Nov 2, 2012
11/12
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how about the people that have already come to new york city? have donated their fees into these trailers? why not take it out and donate it to the people of staten island and elsewhere where literally young children have died? >> reporter: the race has already committed $2.5 million-plus to the recovery effort. they asked racers to donate $26.20 to thee esffort as well. some of those spent thousands of dollars to come here. we spoke to several runners who already decided not to run but were going to go to staten island to bring supplies and instead of running spend their entire day toward the relief effort. i think there's a real opportunity here to turn it into something like that. there needs to be a group that can organize it. there are a lot of people here now with nothing to do all day on sunday and probably a pretty good idea. i'm sure something will happen. >> all right. great. thank you, brian shactman. we appreciate the great reporting. >>> so the other marathon, the presidential campaign, moves into its final frenzied weekend with oba
how about the people that have already come to new york city? have donated their fees into these trailers? why not take it out and donate it to the people of staten island and elsewhere where literally young children have died? >> reporter: the race has already committed $2.5 million-plus to the recovery effort. they asked racers to donate $26.20 to thee esffort as well. some of those spent thousands of dollars to come here. we spoke to several runners who already decided not to run but...
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Aug 9, 2012
08/12
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let's talk first for the high part of the income scale. if you're living in new york at the high end you're probably paying more than 50% of your income to the government, for federal, state, and city. should folks pay more than 50% of their income to government? >> no, i think you're raising a good point. first of all, i can only speak in the context of the federal government. everything i said so far has to do with federal taxation. there's nothing that folks in washington can do about that, i suggest going back to the tax structure that prevailed under bill clinton and the top folks instead of paying 35% paid about 40% at the top of the scale. that's a broad robust growth and surpluses, so i think they can absorb that kind of a tax structure. >> so you say go back to the tax rates under bill clinton, but that's not what sparked growth at that time either, right? bill clinton was able to have a budget surplus, but we were in a different moment, the internet middle age and the market was booming. >> you're making one of my key points. the
let's talk first for the high part of the income scale. if you're living in new york at the high end you're probably paying more than 50% of your income to the government, for federal, state, and city. should folks pay more than 50% of their income to government? >> no, i think you're raising a good point. first of all, i can only speak in the context of the federal government. everything i said so far has to do with federal taxation. there's nothing that folks in washington can do about...
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Oct 23, 2012
10/12
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think when you talk about veterans, they come from every part of our country, suburban, rural, and city, and i think the president understands if you're commander in chief, you take care of those fighting for our democracy and i think we shouldn't under estimate both the first lady and the president's commitment to our troops. they understand when you are commander in chief and you order people into battle and you have to protect them, not only in battle but when we come home, and that's important issue for all of americans, and the president is an outstanding record at fighting for the men and women that wear the uniform of our country. >> and he communicated that tonight, governor. good to have you on the problem. thank you so much. we appreciate your time. let's get back to boca and john harwood and a special guest. john, over to you. >> i want to make one point before i go to our special guest, that is the tone you were talking about from mitt romney at laying back and haimsaban said he moved towards president obama. that was largery because the key voters, the swing voters at the e
think when you talk about veterans, they come from every part of our country, suburban, rural, and city, and i think the president understands if you're commander in chief, you take care of those fighting for our democracy and i think we shouldn't under estimate both the first lady and the president's commitment to our troops. they understand when you are commander in chief and you order people into battle and you have to protect them, not only in battle but when we come home, and that's...
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May 21, 2012
05/12
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he is doing outstanding work in newark and helping turn that city around. and i think it is important to recognize that this issue is not a quote, distraction. this is part of the debate that we're going to be having in this election campaign about how do we create an economy where everybody from top to bottom, folks on wall street and folks on main street, have a shot at success. if they are working hard and acting responsibly, that they are able to live out the american dream. now, i think my view of private equity is that it is -- it is set up to maximize profits. and that's a healthy part of the free market. that's -- that's part of the role of a lot of business people. that's not unique to private equity. and as i think my representatives have said repeatedly, and i had say today, i think there are folks who did good work in that area. and there are times where they identify the capacity for the economy to create new jobs or new industries. but understand that their priority is to maxmize profits. and that's not always going to be good for communities
he is doing outstanding work in newark and helping turn that city around. and i think it is important to recognize that this issue is not a quote, distraction. this is part of the debate that we're going to be having in this election campaign about how do we create an economy where everybody from top to bottom, folks on wall street and folks on main street, have a shot at success. if they are working hard and acting responsibly, that they are able to live out the american dream. now, i think my...
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Nov 6, 2012
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eastern when the first polls close. we'll take you live until we know who the winner is of the white house. >>> meantime, superstorm sandy may have devastated new york city, but turnout is heavy in queens, new york, as voters cast their ballots in makeshift polling locations. been like that in many parts of the tri-state area today. we're back in a moment. tdd#: 1-800-345-2550 this morning, i'm going to trade in hong kong. tdd#: 1-800-345-2550 after that, it's on to germany. tdd#: 1-800-345-2550 then tonight, i'm trading 9500 miles away in japan. tdd#: 1-800-345-2550 with the new global account from schwab, tdd#: 1-800-345-2550 i hunt down opportunities around the world tdd#: 1-800-345-2550 as if i'm right there. tdd#: 1-800-345-2550 and i'm in total control because i can trade tdd#: 1-800-345-2550 directly online in 12 markets in their local currencies. tdd#: 1-800-345-2550 i use their global research to get an edge. tdd#: 1-800-345-2550 their equity ratings show me how schwab tdd#: 1-800-345-2550 rates specific foreig
eastern when the first polls close. we'll take you live until we know who the winner is of the white house. >>> meantime, superstorm sandy may have devastated new york city, but turnout is heavy in queens, new york, as voters cast their ballots in makeshift polling locations. been like that in many parts of the tri-state area today. we're back in a moment. tdd#: 1-800-345-2550 this morning, i'm going to trade in hong kong. tdd#: 1-800-345-2550 after that, it's on to germany. tdd#:...
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Oct 29, 2012
10/12
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and if they go ahead with the plan which is potentially to close tomorrow, it would be the first two day closure since 1888. they did not like to close these markets for any great length of time. that's a two day wealther relatd closure. bank branchs are closing in manhattan. the city has essentially ground to a halt because they're concerned now about high winds that will start really picking up as the storm gets closer and closer to the new york city area. as you said, the transit system has been shut down. they're trying to tell people to stay home to the extent that they can. and indeed manhattan, although it's very early in the morning here, is quiet and expected to stay that way. the question now is you power outages that are likely to take place and how long it will take for this area to get back to business. but right now, again, equity trading in the u.s. is closed. equity futures also willic trad. and energy trading as well. energy trading will trade electronically, the nymex with the floor will close. so we're seeing even before the storm hits a significant financial impac
and if they go ahead with the plan which is potentially to close tomorrow, it would be the first two day closure since 1888. they did not like to close these markets for any great length of time. that's a two day wealther relatd closure. bank branchs are closing in manhattan. the city has essentially ground to a halt because they're concerned now about high winds that will start really picking up as the storm gets closer and closer to the new york city area. as you said, the transit system has...
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Oct 16, 2012
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>> first of all, it is accelerating the wind down of citi holdings. number two make that work for sharehold shareholder, you have to get capital. so working with the fed and regulators to get difference denied and share repurchase. third is executing globally on what citi really still has as a unique global footprint for a franchise providing value to their clients. >> all right. thank you very much. sue. >>> our next geks hkxt guest ha calling for mr. pandit's med for several years now. william smith is the senior portfolio manager with smith asset management. when we were upstairs listening to maria's debrief, you said i've been living with this for four years now. how do you feel about the replacement and how do you think it went down? >> it's four years too late, but the board of directors made a mistake by hiring pandit. we went in with a mandate of not breaking the company up, but they got caught in the credit crisis and they broke the company up at $3 a share instead of $40 where he entered. they should be expanding their balance sheet on the g
>> first of all, it is accelerating the wind down of citi holdings. number two make that work for sharehold shareholder, you have to get capital. so working with the fed and regulators to get difference denied and share repurchase. third is executing globally on what citi really still has as a unique global footprint for a franchise providing value to their clients. >> all right. thank you very much. sue. >>> our next geks hkxt guest ha calling for mr. pandit's med for...
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Aug 13, 2012
08/12
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she -- succumbed off a short illness in new york city. helen gurley brown, one of the legendary people in the magazine business. and in popular culture. known first and foremost for the 1962 book "sex and the single girl" which along with betty's book, "feminine mystique" set the kind of conversation about the role of women in society in the '60s and later became the editor for many, many years of "cosmopolitan" and reported to the hearst building virtually every day right up until the end to her pink office. helen gurley brown, dead at age 90. she was famously known for saying "good girls go to heaven, bad girls go everywhere," presumably tonight she is going everywhere in heaven. >> so odd. i just thought of her the other day. we were in a small town in nebraska and i-found a book, this musty old book from 1898 about -- called "what every young woman should ought to know about sex." i thought of helen gurley brown. she wrote the same kind of book in 1962 they were writing in 1898. >> did you buy the book? >> i bought the book. thank you
she -- succumbed off a short illness in new york city. helen gurley brown, one of the legendary people in the magazine business. and in popular culture. known first and foremost for the 1962 book "sex and the single girl" which along with betty's book, "feminine mystique" set the kind of conversation about the role of women in society in the '60s and later became the editor for many, many years of "cosmopolitan" and reported to the hearst building virtually every...
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Jun 5, 2012
06/12
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the same group president obama has blasted routinely during his first term. a short time ago i sat down and asked him what the dynamic was like. >> it struck me when i was reading one of the headlines it said, president obama and president clinton courting new york's elite t seems like this is the same group that the president has, in many cases, beenville nizing and attacking for not paying their fair share. did this come up that he's going to them for campaign money? >> no, he said last night he said that they -- and he looked at me that they should pay more in the debt reduction program. most americans believe if we could have a long-term reduction plan that the people that got the most tax cuts in the last decade should give back a little and contribute to it. but i think that the interesting thing to me is the order you put these things in. for example, right now there's private activity is flat again, interest rates are almost zero. it cost -- american bonds are in demand even though people are virtually paying to take their money. the interest rates ar
the same group president obama has blasted routinely during his first term. a short time ago i sat down and asked him what the dynamic was like. >> it struck me when i was reading one of the headlines it said, president obama and president clinton courting new york's elite t seems like this is the same group that the president has, in many cases, beenville nizing and attacking for not paying their fair share. did this come up that he's going to them for campaign money? >> no, he...
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Feb 8, 2012
02/12
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at least for the first year. after that it kind of dropped away. >> and you're suggesting to me that the day before there was riots in the streets? i don't think so. so the point is, we, there wasn't people screaming, we need more policeman, we need more teachers. >> but we would have lay off and furloughed a lot of the existing teachers and police officers if state and local budgets didn't have the hole filled for them by the feds. >> the issue with the states is the same as for the federal government. neither have been willing to live within their means. neither have been willing to you know, connect revenue to expenses. >> there was a thought that this was a temporary blip. that we would see tax receipts come back. we haven't. we're still talking about something around 15% of gdp being collected in revenue. so maybe that argument has run out of room at this point. that the cuts need to come. it was not a temporary setback. that the tax relates have dropped. >> did you actually find somebody who thought it was
at least for the first year. after that it kind of dropped away. >> and you're suggesting to me that the day before there was riots in the streets? i don't think so. so the point is, we, there wasn't people screaming, we need more policeman, we need more teachers. >> but we would have lay off and furloughed a lot of the existing teachers and police officers if state and local budgets didn't have the hole filled for them by the feds. >> the issue with the states is the same as...
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Nov 7, 2012
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first of all, we're going to see snow. that's a given in the new york metro area, especially to the north and west of the city. secondly, coastal flooding up near boston and down towards cape cod where there will also be big winds to 65 miles an hour. that's going to be a problem. but let's talk about that snow for a minute. if you take a look right outside our own studios here at cnbc, you are actually going to see that there are leaves still on the trees. as the snow flies and eventually the temperature drops to freezing and below, it's this kind of scene that is the major issue, meaning we are going to see those tree limbs coming down as they fill up with a few inches of wet snow. thus, the economic impact could be very considerable. from additional power outages to the same exact spot that's just recovering right now. so that's what we'll be watching throughout the afternoon. again, it does appear several inches of snow anywhere to the north and west of new york city, even up into southern new england. we'll be with yo
first of all, we're going to see snow. that's a given in the new york metro area, especially to the north and west of the city. secondly, coastal flooding up near boston and down towards cape cod where there will also be big winds to 65 miles an hour. that's going to be a problem. but let's talk about that snow for a minute. if you take a look right outside our own studios here at cnbc, you are actually going to see that there are leaves still on the trees. as the snow flies and eventually the...
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Mar 20, 2012
03/12
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but first, attention shoppers, this is a viewer service, everybody. amazon is selling $10 gift cards today for this is today, today only. it's on amazon local. company vice president says the retailer wants for draw in both new and existing customers in hopes that they'll check out the company's offers from spas, restaurants and other businesses. the gift cards are also, and this is important, they're good for use on amazon.com. so this actually is crazy. half off basically everything. now as we head to a break, take a look at yesterday's winners and losers. if you are one of the millions of men who have used androgel 1%, there's big news. presenting androgel 1.62%. both are used to treat men with low testosterone. androgel 1.62% is from the makers of the number one prescribed testosterone replacement therapy. it raises your testosterone levels, and... is concentrated, so you could use less gel. and with androgel 1.62%, you can save on your monthly prescription. [ male announcer ] dosing and application sites between these products differ. women and c
but first, attention shoppers, this is a viewer service, everybody. amazon is selling $10 gift cards today for this is today, today only. it's on amazon local. company vice president says the retailer wants for draw in both new and existing customers in hopes that they'll check out the company's offers from spas, restaurants and other businesses. the gift cards are also, and this is important, they're good for use on amazon.com. so this actually is crazy. half off basically everything. now as...
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Oct 19, 2012
10/12
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it was my first day on a new job in the city. and not a lot happened i can tell you apart from people just looked at each other in amazement. they didn't answer the phones either. yeah, an interesting day all around. and what a great buying opportunity. we learned it was probably the buying opportunity of the century. >> ross, that's for sure. stick around, because still to come on the show, as eu banking policy inches closer to getting the green light, we'll hear from the finland bank governor. >>> google continues to move lower in european trade after losing $22 billion in market cap on wall street. >> and microsoft's profits drop falling short of forecasts as the company gets set to launch its new windows 8 software. >> europe's troubled banks could receive funds as soon as the beginning of next year. germany still appears to be eyeing a longer time frame, however. eu leaders have been hammering out the details of a banking union at a summit in brussels. and speaking this morning, ecb policy maker know vat any says it must hap
it was my first day on a new job in the city. and not a lot happened i can tell you apart from people just looked at each other in amazement. they didn't answer the phones either. yeah, an interesting day all around. and what a great buying opportunity. we learned it was probably the buying opportunity of the century. >> ross, that's for sure. stick around, because still to come on the show, as eu banking policy inches closer to getting the green light, we'll hear from the finland bank...
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Oct 5, 2012
10/12
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think you still look at the high beta stocks, citi, bank of america. that's where there's massive option activity, including today in bank of america, it was 3-1 calls to puts in the first half our hour. over 100,000 calls against 30,000 puts. that continues to be the trend. >> thanks for bringing us the tweets, seema. >>> coming up on "power lunch," is the obama administration helping corporate america break a key labor law to help win next month's election. senator john mccain is with us live to talk about it in the 1:00 p.m. hour. >>> but final trade's next on the halftime report. tdd#: 1-800-345-2550 this morning, i'm going to trade in hong kong. tdd#: 1-800-345-2550 after that, it's on to germany. tdd#: 1-800-345-2550 then tonight, i'm trading 9500 miles away in japan. tdd#: 1-800-345-2550 with the new global account from schwab, tdd#: 1-800-345-2550 i hunt down opportunities around the world tdd#: 1-800-345-2550 as if i'm right there. tdd#: 1-800-345-2550 and i'm in total control because i can trade tdd#: 1-800-345-2550 directly online in 12 mark
think you still look at the high beta stocks, citi, bank of america. that's where there's massive option activity, including today in bank of america, it was 3-1 calls to puts in the first half our hour. over 100,000 calls against 30,000 puts. that continues to be the trend. >> thanks for bringing us the tweets, seema. >>> coming up on "power lunch," is the obama administration helping corporate america break a key labor law to help win next month's election. senator...
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Sep 19, 2012
09/12
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underperforming teachers can be laid off during the first year of the new contract. the agreement came on the eve of a court hearing, and today, the city planned to ask a judge to force the teachers to end their strike and go back to work. meantime, a youtube video of the president of the chicago teachers union is drawing some hits this morning. here it is. >> i look dang good on paper, okay? i am the only black woman in the class of 1974 from dartmouth college. whoo. [ laughter ] people are impressed -- let me tell you. i spent those years smoking lots of weed, self-medicating. [ laughter ] self-medicating. thank you. sounds like you all did, too. oh, i'm sorry, there are kids here. i wasn't supposed to say that. too late. >> i decided videos in general are a bad idea. >> have to be very careful. she's the kind of teacher i would like to have. >> a big stoner? >> i think i might have had teachers like that. i think i had teachers like that. a couple along the way. what? >> nothing. just got to be careful what you say. that's a problem for us. >> there are cameras ev
underperforming teachers can be laid off during the first year of the new contract. the agreement came on the eve of a court hearing, and today, the city planned to ask a judge to force the teachers to end their strike and go back to work. meantime, a youtube video of the president of the chicago teachers union is drawing some hits this morning. here it is. >> i look dang good on paper, okay? i am the only black woman in the class of 1974 from dartmouth college. whoo. [ laughter ] people...
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Sep 13, 2012
09/12
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the first to strike down supersized drinks. >> this is the first step of a city to curb obesity and certainly not the last step and we believe it will help save lives. >> is this a necessary measure to fight obesity or is this government gone way too far? let's ask our guests, jeff, senior fellow with the national center for public policy research. last time you were here, bloomberg banned kosher food for homeless people. >> all- >> wait. except if you go to 7-eleven? >> you can't get them at convenience stores -- it's not just the government gone wild, it's for soda taxes, bans on smoking in outdoor places, bans on e cigarettes that help people stop smoking. the nanny state has been co-opted by big government activists. this is actually bad for public health. >> who is this nanny state polit bureau? this one was going to win because it had all mayor bloomberg's appointees on it. >> dr. farley. >> czar bloomberg. >> mayor bloomberg's health xhirgt, original health commissioner is running the centers for disease control, dr. tom friedman. the whole government is trying to demonize ef
the first to strike down supersized drinks. >> this is the first step of a city to curb obesity and certainly not the last step and we believe it will help save lives. >> is this a necessary measure to fight obesity or is this government gone way too far? let's ask our guests, jeff, senior fellow with the national center for public policy research. last time you were here, bloomberg banned kosher food for homeless people. >> all- >> wait. except if you go to 7-eleven?...
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Nov 5, 2012
11/12
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atlantic city. and stalling. unlike sandy, not a storm that's going to bring a storm surge all the way in on the coastline. but one that stalls offshore and really kicks up some wind and waves. let's look at some of the concerns from the storm. again, timetable, 48 hours from now is when it would begin. powerful coastal storm. what does that mean? the storm center that lurks offshore, a nor'easter we call them. we haven't seen one this strong, believe it or not. if you don't count sandy in about a couple of years, two, three years now, big winds from the storm, coastal flooding indeed a possibility again but not nearly as severe. and it stalls for 24 hours. there's even the potential for some snow involved in some locations. we have a lot to take a look at in the next 48 hours as we get closer and closer to that storm center moving up the eastern seaboard. there's also a little bit of wiggle room in who gets it the worst. cape cod or perhaps back to new jersey and new york city or long island. that'
atlantic city. and stalling. unlike sandy, not a storm that's going to bring a storm surge all the way in on the coastline. but one that stalls offshore and really kicks up some wind and waves. let's look at some of the concerns from the storm. again, timetable, 48 hours from now is when it would begin. powerful coastal storm. what does that mean? the storm center that lurks offshore, a nor'easter we call them. we haven't seen one this strong, believe it or not. if you don't count sandy in...
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Oct 18, 2012
10/12
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compare that to new york city's homicide rate. what's chicago's problem? and what's its supposed solution? they're talking about taxing guns? here's a republican strategist lenny mcallister. first of all the tax on bullets and handguns will do nothing to stop the murders among the gang bangers? am i just dreaming this up? >> this is one of the most ridiculous things i have ever heard of. it's another example of an ivory tower highbrow solution. this is a lot of time what you see from people that are often removed, oftentimes the very far left, progressive. the high tower legislator that -- it's not surprising, too. >> first of all, to the ammo and the guns are being bought illegally on the streets anyway. >> exactly. >> law abiding shopkeepers selling this stuff had nothing to do with it. let get that straight. >> i want to ask you, because you used to live in chicago. it's people who use gun that are killing each other. is this about drugs? are these about racial gangs? why is this happening because it's not happening in many other cities including my own
compare that to new york city's homicide rate. what's chicago's problem? and what's its supposed solution? they're talking about taxing guns? here's a republican strategist lenny mcallister. first of all the tax on bullets and handguns will do nothing to stop the murders among the gang bangers? am i just dreaming this up? >> this is one of the most ridiculous things i have ever heard of. it's another example of an ivory tower highbrow solution. this is a lot of time what you see from...
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Oct 24, 2012
10/12
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all of this garnering two downgrades today, citi downgrading from buy to neutral, bb and t downgrading from buy to hold kreting economic concerns as far as coal exportation is concerned as well as earnings management going forward into the first half of 2013. >>> a monster day for earnings today. boeing and at&t among the heavyweights out. zynga comes out after the bell. apple and amazon getting ready to report tomorrow. jeff kilberg, founder and ceo of kilberg capital management. earnings per share of $1.35. estimate was just for $1.13. the company also raising guidance for the remainder of the year. do we like it? >> we do. for the first time during the dismal down beat earnings season we've seen them forecast a strength, an outlook to 2013. they're increasing their military planes as welling a commercial planes. this is positive and i think it changed market sentiment today. >> in an economically sensitive sector. we've seen some of the other industrials like utx not able to do as well, but here boeing doing very nicely. at&t earnings inching up a fraction of a percent but revenue f
all of this garnering two downgrades today, citi downgrading from buy to neutral, bb and t downgrading from buy to hold kreting economic concerns as far as coal exportation is concerned as well as earnings management going forward into the first half of 2013. >>> a monster day for earnings today. boeing and at&t among the heavyweights out. zynga comes out after the bell. apple and amazon getting ready to report tomorrow. jeff kilberg, founder and ceo of kilberg capital management....
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Mar 21, 2012
03/12
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foggy conditions in new york city. so some of the first flights out, watching for potential airport delays because of the fog. the fog will burn off new york city. we're looking highs, mid to upper 60s, so a beautiful day after the morning clouds. mid-80s, chicago. storms in dallas. phoenix, 76 for the high temperatures this afternoon. of course, the air travel concerns, we'll watch out for showers and storms in houston as well as new orleans. back to you. >>> joining us now, david joy. welcome. >> good morning. thank you. >> interesting to juxtapose that. they're saying it's time for a historical shift, perhaps it's time to shift. >> i turned a report on -- the goldman report and it struck me maybe they should have made that a couple months ago. >> shots fired, shots fired. it's time to achieve the markets over the last two months, maybe the last five months. pull it back a bit. it seems the market wants to consolidate here. i'm not saying exit the markets. trim your positions back to sector neutrality. >> so you don'
foggy conditions in new york city. so some of the first flights out, watching for potential airport delays because of the fog. the fog will burn off new york city. we're looking highs, mid to upper 60s, so a beautiful day after the morning clouds. mid-80s, chicago. storms in dallas. phoenix, 76 for the high temperatures this afternoon. of course, the air travel concerns, we'll watch out for showers and storms in houston as well as new orleans. back to you. >>> joining us now, david...
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Nov 5, 2012
11/12
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we're in the first inning of a great american century. unless we get wrecked. >> your money, your vote. fresh off the trading floor, this is "fast money." >> live from the nasdaq market site in new york city's times square, i'm melissa lee. it is almost here. we are now just hours away from americans heading to the polls. the presidential campaigns entering the home stretch. cnbc's john harwood has made it down to the nasdaq. he's got the latest from camp obama as well as camp romney. john? >> melissa, this thing is going down to the wire. the candidates have been crisscrossing the swing states for the last 24 hours -- wisconsin, florida, virginia, ohio, all the places that matter. let's take a look first at the national polls. our last poll shows 48% for obama, 47% for mitt romney. the president inching ahead. the same thing has happened in some other national polls. more importantly for the president, look at the swing state numbers. start with the state of virginia, 13 electoral votes. the president's got a one-point lead, 48-47. in fl
we're in the first inning of a great american century. unless we get wrecked. >> your money, your vote. fresh off the trading floor, this is "fast money." >> live from the nasdaq market site in new york city's times square, i'm melissa lee. it is almost here. we are now just hours away from americans heading to the polls. the presidential campaigns entering the home stretch. cnbc's john harwood has made it down to the nasdaq. he's got the latest from camp obama as well as...